BIG power companies are making massive profits and paying more in dividends to governments than ever before... while consumers suffer with higher power bills in the midst of recession.
The NSW Auditor-General's report on NSW electricity companies released recently shows electricity entities gave over $1.4 billion to the Government in tax and dividends for 2009-10, up $200 million from the year before. It also showed electricity agencies' combined after-tax profit was a whopping $1.2 billion, about 50 per cent up on their $847 million in 2008-09. This is without a huge uptake of solar energy systems or solar power kits.
Pre-tax profits of distributors leapt from $661 million in 2008-09 to $965 million and generators' profit from $307 million to $465 million.
The Auditor-General's report also revealed one of the drivers of peak energy demand forcing up prices was the Labor Government's desalination plant. It said other factors included the federal Government's call to drop the Emissions Trading Scheme.
"Consumers will unfortunately face price rises of up to 42 per cent over the next three years, partly for infrastructure and partly for renewable energy targets." said Aaron Murray, Managing Director of Cleaner Energy, one of the most prominent Residential Solar System specialists on the Gold Coast, Australia.
"By switching to a Cleaner Energy Solar Power Kit, you can not only save money, but actually earn revenue from the power companies. Some of our clients earn upto $600 per year from their excess electricity." said Murray.
Imagine a life without an electricity bill, and opening the mail to receive your electricity check? Wake up! Call Cleaner Energy to discuss the options with a solar expert on 1800751338.
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